Q4FY21 Result Update - Mahanagar Gas - ICICI Direct

Mahanagar Gas' (MGL) results for Q4FY21 were broadly in line with estimates on the operational front. Topline increased 4.2% YoY to Rs. 784 crore vs. our estimate of Rs. 772.6 crore. Sales volume came in at 2.9 mmscmd, up 3.8% YoY (up 4.4% QoQ) in line with estimate. Gross margins were marginally better than estimate of Rs. 17.5/scm at Rs. 17.7/scm, up Rs. 2.4/scm YoY (flat QoQ). EBITDA at Rs. 316.2 crore (up 29.7% YoY) was slightly below our estimates of Rs. 321 crore. Other income of Rs. 17.2 crore was lower than expectations of Rs. 27 crore. Reported PAT was at Rs. 212.8 crore, up 26.7 % YoY (our estimate: Rs. 225.8 crore).

For details, click on the link below: Link to the report

Shares of Mahanagar Gas Ltd was last trading in BSE at Rs.1208 as compared to the previous close of Rs. 1190.65. The total number of shares traded during the day was 110268 in over 5732 trades.

The stock hit an intraday high of Rs. 1215.15 and intraday low of 1168.35. The net turnover during the day was Rs. 132881477.

Source : Equity Bulls

Keywords